Estonian Superangel participates in Sky Spy's $1.6M pre-seed round

Estonian venture capital fund Superangel participated in a $1.6M pre-seed round for dual-use technology company Sky Spy. Other investors include Expeditions Fund, Freedom Fund, Sunfish Partners, Crosscourt Ventures, and Material Ventures.

Sky Spy is a dual-use technology company founded by Ukrainian specialists in 2024 and operating in the US and EU countries. The startup develops compact signals intelligence (SIGINT) systems that enable the detection, classification, and localization of hostile emitters in complex electromagnetic environments.  CEO & Co-Founder at Sky Spy - Arsenii Hurtavtsov. The funding raised will be used to expand production, the team, and partnerships with UAV manufacturers.

Founded in Tallinn in 2018 by Veljo Otsason and Rain Rannu, Superangel focuses on pre-seed and seed investments in the Baltics and Nordic countries. General partners are Marko Oolo and Veljo Otsason. The Estonian investment firm focuses on artificial intelligence, robotics, energy, mobility, data and infrastructure. The typical ticket size is between €300K and €800K.

Expeditions Fund is a venture capital fund that invests in early-stage technology companies. The fund was founded in 2021 in Poland.

The Freedom Fund is an international non-profit organization that identifies and invests in effective efforts to end modern slavery.

Sunfish Partners is an early-stage venture capital firm that invests in deep tech startups from Central and Eastern Europe (CEE). The company is headquartered in Berlin, Germany. It was founded in 2016.

Crosscourt Ventures is a venture capital firm founded in 2024 and based in San Francisco, California. The company incubates and invests in technology startups.

Material Ventures is a European venture capital firm founded in 2022 and based in London, UK. Material Ventures focuses on investing in sectors such as deep tech, robotics, computer vision, consumer goods, and fintech.